Market Overview:
The global professional vessel antifouling market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for maritime transportation and the rising awareness about the benefits of using antifouling paints and coatings. The copper bottom anti-fouling segment is projected to lead the global professional vessel antifouling market during the forecast period, owing to its high performance and long life span as compared to other types of anti-foulants. Hard matrix AFC+ is also expected to witness significant growth during the forecast period, due its superior properties such as durability, low toxicity, and environmental friendliness. In terms of application, propellers are estimated to account for a major share ofthe global professional vessel antifouling market in 2018. This can be attributedto their high susceptibility towaterborne fouling organisms that can cause damageto marine vesselsand reduce their efficiency.
Product Definition:
A professional vessel antifouling is a paint or coating system applied to the underwater surfaces of a boat or ship to prevent marine growth, such as barnacles and algae. Antifouling paints and coatings are typically based on biocides, which slowly poison any marine life that comes into contact with them.
Copper Bottom Anti-Fouling:
Copper bottom anti-fouling is a type of antifouling agent that is added to the water in which fish swim. Copper bottom anti-fouling agents are used for preventing or removing fouling (the growth of microorganisms such as algae, bacteria and other single-celled organisms) from the exterior surfaces of vessels. The copper content in these products helps prevent or slow down bacterial growth on any surface by creating an environment unfavourable for microbial life forms.
Hard Matrix Antifouling AFC+:
Hard matrix antifouling AFC+ is a new type of biocides, which was developed by the researchers of the South China University of Science and Technology (SCUST), Guangzhou, China. The research was supported by the Ministry of Science and Technology (MOST) under project number 2011AA10A1005. The product has been patented in China and there are plans to file for its patent in other countries as well.
Application Insights:
Propellers were the major application segment in 2017 and accounted for over 60% of the total revenue. The growth in this segment can be attributed to increasing demand for professional vessels from food processing industries, which require constant supply of fruits and vegetables across various ports around the world.
Fishing is one of the most popular sports among people throughout different parts of the world. It plays an important role in a country¢â‚¬â„¢s economy as it provides employment to a large number of people onshore as well as offshore. Overfishing has caused depletion in fish resources leading to reduction in fish production globally; however, marine species are still being fished at unsustainable levels which causes damage to ecosystem services such as providing ecosystem goods and services that humans rely on fishing activities for e.g., food security & economic benefits etcetera (FAO 2015).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in aquaculture production, which is driving the product demand. Moreover, increasing penetration of offshore vessels as a result of growing tourism sector will drive product demand further.
North America emerged as a significant consumer due to high penetration of marine recreational activities such as boating and fishing in U.S., Canada, and Mexico countries.
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by the growth of international trade and globalization. This will result in an increase in demand for professional vessel antifouling products.
- Stringent environmental regulations: Governments across the world are increasingly implementing stringent environmental regulations governing maritime transportation, which is resulting in an increase in compliance costs for shipping companies. This is driving them to seek more efficient and environmentally-friendly solutions such as professional vessel antifouling products.
- Technological advancements: The marine industry is constantly evolving with new technological advancements being made every day, which are helping to improve operational efficiency and reduce emissions from vessels. Professional vessel antifouling products that make use of these latest technologies are likely to gain popularity among shipping companies seeking to reduce their environmental impact..
Scope Of The Report
Report Attributes
Report Details
Report Title
Professional Vessel Antifouling Market Research Report
By Type
Copper Bottom Anti-Fouling, Hard Matrix Antifouling AFC+, Tin-Based Antifouling
By Application
Propellers, Stern Drives, Shafts
By Companies
Boero Bartolomeo S.p.A.(Italy), Orangemarine(France), MARLIN SRL(Italy), Hempel(UK), Seajet(Netherlands), VENEZIANI(Italy), Sea Line(Poland), Sea Hawk(USA), FLAG Paints Ltd.(UK), Kop-Coat Marine Group(USA), Soromap Peintures Vernis(France), PLASTIMO(France), Sherwin-Williams(USA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Professional Vessel Antifouling Market Report Segments:
The global Professional Vessel Antifouling market is segmented on the basis of:
Types
Copper Bottom Anti-Fouling, Hard Matrix Antifouling AFC+, Tin-Based Antifouling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Propellers, Stern Drives, Shafts
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boero Bartolomeo S.p.A.(Italy)
- Orangemarine(France)
- MARLIN SRL(Italy)
- Hempel(UK)
- Seajet(Netherlands)
- VENEZIANI(Italy)
- Sea Line(Poland)
- Sea Hawk(USA)
- FLAG Paints Ltd.(UK)
- Kop-Coat Marine Group(USA)
- Soromap Peintures Vernis(France)
- PLASTIMO(France)
- Sherwin-Williams(USA)
Highlights of The Professional Vessel Antifouling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copper Bottom Anti-Fouling
- Hard Matrix Antifouling AFC+
- Tin-Based Antifouling
- By Application:
- Propellers
- Stern Drives
- Shafts
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Professional Vessel Antifouling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Professional vessel antifouling is a type of coating that is applied to the exterior of vessels to prevent fouling and corrosion.
Some of the major companies in the professional vessel antifouling market are Boero Bartolomeo S.p.A.(Italy), Orangemarine(France), MARLIN SRL(Italy), Hempel(UK), Seajet(Netherlands), VENEZIANI(Italy), Sea Line(Poland), Sea Hawk(USA), FLAG Paints Ltd.(UK), Kop-Coat Marine Group(USA), Soromap Peintures Vernis(France), PLASTIMO(France), Sherwin-Williams(USA).
The professional vessel antifouling market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Professional Vessel Antifouling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Professional Vessel Antifouling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Professional Vessel Antifouling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Professional Vessel Antifouling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Professional Vessel Antifouling Market Size & Forecast, 2020-2028
4.5.1 Professional Vessel Antifouling Market Size and Y-o-Y Growth
4.5.2 Professional Vessel Antifouling Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Copper Bottom Anti-Fouling
5.2.2 Hard Matrix Antifouling AFC+
5.2.3 Tin-Based Antifouling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Propellers
6.2.2 Stern Drives
6.2.3 Shafts
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Professional Vessel Antifouling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Professional Vessel Antifouling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Copper Bottom Anti-Fouling
9.6.2 Hard Matrix Antifouling AFC+
9.6.3 Tin-Based Antifouling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Propellers
9.10.2 Stern Drives
9.10.3 Shafts
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Copper Bottom Anti-Fouling
10.6.2 Hard Matrix Antifouling AFC+
10.6.3 Tin-Based Antifouling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Propellers
10.10.2 Stern Drives
10.10.3 Shafts
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Copper Bottom Anti-Fouling
11.6.2 Hard Matrix Antifouling AFC+
11.6.3 Tin-Based Antifouling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Propellers
11.10.2 Stern Drives
11.10.3 Shafts
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Copper Bottom Anti-Fouling
12.6.2 Hard Matrix Antifouling AFC+
12.6.3 Tin-Based Antifouling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Propellers
12.10.2 Stern Drives
12.10.3 Shafts
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Copper Bottom Anti-Fouling
13.6.2 Hard Matrix Antifouling AFC+
13.6.3 Tin-Based Antifouling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Propellers
13.10.2 Stern Drives
13.10.3 Shafts
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Professional Vessel Antifouling Market: Competitive Dashboard
14.2 Global Professional Vessel Antifouling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boero Bartolomeo S.p.A.(Italy)
14.3.2 Orangemarine(France)
14.3.3 MARLIN SRL(Italy)
14.3.4 Hempel(UK)
14.3.5 Seajet(Netherlands)
14.3.6 VENEZIANI(Italy)
14.3.7 Sea Line(Poland)
14.3.8 Sea Hawk(USA)
14.3.9 FLAG Paints Ltd.(UK)
14.3.10 Kop-Coat Marine Group(USA)
14.3.11 Soromap Peintures Vernis(France)
14.3.12 PLASTIMO(France)
14.3.13 Sherwin-Williams(USA)
